Zynga spent $310 million on acquisitions

Zynga's spending spree didn't pay off for the company

Since 2010, Zynga has spent $310,561,000 on acquiring new companies, according to a report by Bloomberg's Cory Johnson. Over the course of these acquisitions, Zynga went from $10 million in earnings to $897 million in accumulated deficit.

Those acquisitions include OMGPOP, Bonfire Studios, Buzz Monkey, Newtoy, XPD Media, Challenge Games, Area/Code, Floodgate Entertainment, and MarketZero. Employees from some of those teams were a part of the company's layoffs earlier this month.